- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter 401K Contributions in Business program
For self-employed S-corp (no other employees) I received $30,000 in wages, of which $25,000 was contributed to 401K as employee contribution. In the Business program, for salaries/wages do I enter $30,00 or $5,000 ? W-2 Box 1 is $5,000.
Also, for retirement plan contributions, the PC employer contribution to 401K was $5,000. For that question I assume I enter $5,000, not $30,000 (which is total of both employer and employee contributions).
Thank you !
Topics:
‎April 13, 2020
11:01 PM